Looks line an expanded flat correction completed or nearing completion here. This could be monster move down with great R/R. I've closed 100 pips on Friday close and I'm only looking for short set ups on this pair! Give me a thumbs up if you like the idea and leave me some comments on what you are thinking! :D
*if you're new trader do not trade my set ups or...
This is a small buy opportunity with the expectation that price makes an Expanding Flat. A test of the "High" is the minimum requirement to form the Flat. However, the move up is likely to reach the 0.50 and 1.272 Fib. confluence.
Trade with care.
6.1.8. Family.
More Than Just Trading.
It looks likes buyers are taking a rest ( creation of flag ) after the "1st Impulsive Wave". If the move up continues, buying the flag breakout is not a bad idea. The move up is likely to test the "High" with a possible extension to the 0.27 fib. level.
6.1.8. Family.
More Than Just Trading.
Hi Traders,
Here's part 2 of my new analysis on Us Oil. Already linked to my H1 analysis posted.
In the last period we have had a big impulse. As you can see it has 5 moves so it confirms an Elliot Motive Wave.
Then we have a typical ABC correction.
The thing is that the market has created a more complex structure, making it a Running Flat (B higher than the...
Price has created a potential "Regular Flat" which can only be confirmed when the "Low" is tagged. A sell after a flag formation to the lower structure level is not a bad idea.
6.1.8. Family.
More Than Just Trading.
Today we have NFP, What are you thoughts and will you be trading?
If USDCHF were to give us a small correction. Most likely we will put
an entry order just below the correction with a small risk.
In my opinion we have a real possibility to go up through 2800 and try to break 3000 , but nothing strange if we fall to the level 2500 at first. It seems we have opportunity to buy at level 2550-2600 once more! Though now we have a good price too.
BTCCHINA:BTCCNY
In my opinion we have a real possibility to go up through 450 and try to break 500 , but nothing strange if we fall to the level 350 at first. It seems we have opportunity to buy at level 350-360 once more! Though now we have a good price too. OKCOIN:BTCUSD
I am USDCHF for short term sell. If price hold potential reversal point then i will look for short. In case price break up then it will change the structure in that case i will look for buy.
Currently price running into flat trend continuation pattern. If price breakdown then it may change the pattern and may continue the bearish trend and if price do not breakdown and form any impulsive sign on lower time frame then i look for buy.
Since the pattern is FLAT, the third leg has 5 sub divided waves. This normally requires 161.8% of fibs expansion to end. (or 1.681AB=CD)
SO there're some pips to short, then long after in bounce back from 1271.6 (price might be a slighthly difference among different providers)
I am expecting short again near the channel line like before we were selling this pair every time whenever price came close to the upper channel line again we have the same setup. Please remember if price break up with strong impulse and change the structure and patterns then i will revisit my idea and will look for the particular pattern and structure so far...
Central banks are (again) helping bulls by keeping the stimulus active until they see higher inflation - according to rumors and speculation of the last three days, ahead of the next ECB meeting this Thursday, October 20, 2016, where Mario Draghi might surprise the market to the upside again, after the reaction to the last meeting was a falling stock market.
This...
I am expecting short in the flat channel and breakdown of this flat channel is also possible. I will look for price action once price will hit the bottom channel line.
sell break out of the trendline or if you are aggressive and risk taker, you can enter on 88.6% fib too.
This trade is based on my previous analysis of this pair, the link is in "related ideas" !
Silver is correcting for now as a Flat correction. Down side is possible till 18.50 from where expecting it go higher above 21.50.If it continues to go lower below 18 then it probably might be doing something else and invalidate my analysis. Looking for reversal and buying opportunity around 18.5 levels. Details are on the chart.
Happy Trading!!
Siraj Hudda,...
